Total Debt for Caterpillar (CAT)
According to Caterpillar's latest reported financial statements, the company's latest reported total debt is $43.33B USD. Total debt is the sum of short-term and long-term interest-bearing borrowings on the balance sheet (notes, bonds, term loans, lease liabilities). Useful for leverage and refinancing risk — combine with cash on hand for net debt, and see total liabilities for the broader obligations picture.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
CAT
Currently viewingTotal DebtSwitch metric
Latest period
$43.33B
YoY change
+12.8%
5Y CAGR
+3.1%
Peak year (2025)
$43.33B
Latest annual
$43.33B
Total Debt history chart for Caterpillar (CAT) from 1985 to 2025
Total Debt history table for Caterpillar (CAT) from 1985 to 2025
| Fiscal year | Period ended | Reported | Total Debt | YoY |
|---|---|---|---|---|
| 2025 | $43.33B | +12.8% | ||
| 2024 | $38.41B | +1.4% | ||
| 2023 | $37.88B | +2.4% | ||
| 2022 | $36.99B | -2.1% | ||
| 2021 | $37.79B | +1.7% | ||
| 2020 | $37.16B | -1.3% | ||
| 2019 | $37.66B | +3.0% | ||
| 2018 | $36.55B | +4.8% | ||
| 2017 | $34.88B | -5.2% | ||
| 2016 | $36.78B | -3.2% | ||
| 2015 | $38.01B | -3.2% | ||
| 2014 | $39.28B | +4.1% | ||
| 2013 | $37.75B | -6.0% | ||
| 2012 | $40.14B | +16.0% | ||
| 2011 | $34.59B | +21.7% | ||
| 2010 | $28.42B | -10.2% | ||
| 2009 | $31.63B | -11.0% | ||
| 2008 | $35.53B | +25.0% | ||
| 2007 | $28.43B | +4.2% | ||
| 2006 | $27.30B | +6.0% | ||
| 2005 | $25.75B | +9.4% | ||
| 2004 | $23.52B | +16.0% | ||
| 2003 | $20.28B | +13.6% | ||
| 2002 | $17.86B | +7.6% | ||
| 2001 | $16.60B | +10.2% | ||
| 2000 | $15.07B | +9.2% | ||
| 1999 | $13.80B | +10.8% | ||
| 1998 | $12.45B | +45.3% | ||
| 1997 | $8.57B | +14.9% | ||
| 1996 | $7.46B | +16.5% | ||
| 1995 | $6.40B | +8.4% | ||
| 1994 | $5.90B | +8.8% | ||
| 1993 | $5.43B | -4.3% | ||
| 1992 | $5.67B | +8.1% | ||
| 1991 | $5.25B | +11.1% | ||
| 1990 | $4.72B | +18.2% | ||
| 1989 | $3.99B | +22.5% | ||
| 1988 | $3.26B | +119.7% | ||
| 1987 | $1.48B | -6.2% | ||
| 1986 | $1.58B | +12.7% | ||
| 1985 | $1.40B | — |
Total Debt values are taken from Caterpillar's reported balance sheets (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
Caterpillar (CAT) most recent annual total debt stands at $43.33B (2025) – grew 12.8% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Caterpillar total debt compounded at +3.1% per year, with the latest reading among the more recent periods of the dataset.
$43.33B stands as the all-time-high annual total debt, posted in 2025, against a low of $1.40B during 1985.
Among 8 Industrials peers, Caterpillar (CAT) ranks 3rd; the peer median for total debt is $33.20B.
Caterpillar Total Debt by Year
Caterpillar Total Debt 2025: $43.33B
Caterpillar total debt in 2025 was $43.33B, grew 12.8% from 2024. This figure represents the highest annual value in the available history.
Caterpillar Total Debt 2024: $38.41B
Caterpillar total debt in 2024 was $38.41B, edged up 1.4% from 2023.
Caterpillar Total Debt 2023: $37.88B
Caterpillar total debt in 2023 was $37.88B, edged up 2.4% from 2022.
Caterpillar Total Debt 2022: $36.99B
Caterpillar total debt in 2022 was $36.99B, edged down 2.1% below 2021.
Caterpillar Total Debt 2021: $37.79B
Caterpillar total debt in 2021 was $37.79B.
See more financial history for Caterpillar (CAT).
Sector peers — Total Debt
Companies in the same sector as Caterpillar, ranked by their latest total debt.
| Company | Total Debt | Sector |
|---|---|---|
| Deere & Company (DE) | $63.94B | Industrials |
| The Boeing Company (BA) | $54.43B | Industrials |
| RTX Corporation (RTX) | $39.51B | Industrials |
| Honeywell International Inc. (HON) | $34.58B | Industrials |
| Union Pacific Corporation (UNP) | $31.81B | Industrials |
| GE Aerospace (GE) | $20.49B | Industrials |
| Eaton Corporation plc (ETN) | $11.17B | Industrials |
| Parker-Hannifin Corporation (PH) | $9.64B | Industrials |
Frequently asked questions
What is Caterpillar's total debt?
- Latest reported total debt for Caterpillar (CAT) is $43.33B (period ending December 31, 2025).
How has Caterpillar total debt changed year-over-year?
- Caterpillar (CAT) total debt changed +12.8% year-over-year on the latest annual filing.
What is the long-term growth rate of Caterpillar total debt?
- Caterpillar (CAT) total debt compound annual growth rate is +3.1% over the most recent 5 years available.
When did Caterpillar total debt hit its highest annual value?
- Caterpillar total debt reached its highest annual value of $43.33B in 2025.
What was Caterpillar total debt in 2024?
- Caterpillar (CAT) total debt in 2024 was $38.41B.
What was Caterpillar total debt in 2025?
- Caterpillar (CAT) total debt in 2025 was $43.33B.
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